Nov. 8 at 6:17 PM
$DBX Rating Upgrade 🚀
RBC Capital has reaffirmed its Outperform rating on Dropbox (
$DBX) and increased its price target from
$35 to
$38.
This upgrade reflects the company's strong Q3 2025 performance, which saw earnings and revenue exceed analyst forecasts. Key drivers for the positive outlook include significant operating margin expansion, healthy free cash flow generation, and promising advancements in AI-driven product features like Dash.